Hi all
Can anybody tell me that when to deposit Vat i.e. monthly, Quarterly or semi annually. And also last dates for Vat Returns. Is it necessary to take TIN by every trader. Give me a brief idea about Dvat whole pls.
Thanx in advance.
3 Replies
Sandeep Keswani
(Tax Consultant)
(1064 Points)
Replied 21 December 2009
VAT is a State level law and the VAT Act for different states is different. Therefore provisions regarding Registration (obtaining TIN Number), Payments, Filing of Returns, etc differ from State to State.
For DVAT, u can find all the details on its website. The entire Act and Rules will be available there.
Prasath
(Analyst)
(29 Points)
Replied 10 April 2010
Its basically depends upon the type of business what you are doing, and too depends upon the state. Each state is having its own rule. For more details refer some taxation sites. I would suggest you some links, find below:
www.laws4india.com
Please find below the official sites for all Indian states:
Andaman and Nicobar Islands
Andhra Pradesh
https://www.apcommercialtaxes.gov.in/
Arunachal Pradesh
https://www.arunachalpradesh.nic.in/
Assam
Bihar
https://www.biharcommercialtax.gov.in/
Chandigarh
Chhattisgarh
Dadra and Nagar Haveli
Daman and Diu
Delhi
Goa
Gujarat
https://www.commercialtax.gujarat.gov.in/
Haryana
Himachal Pradesh
Jammu and Kashmir
Jharkhand
https://www.jharkhandcomtax.nic.in/
Karnataka
Kerala
Lakshadweep
https://www.lakshadweep.nic.in/
Madhya Pradesh
Maharashtra
https://www.vat.maharashtra.gov.in/
Manipur
https://www.manipurtaxation.nic.in/
Meghalaya
Mizoram
Nagaland
Orissa
https://www.ori.nic.in/salestax/
Pondicherry
Punjab
Sikkim
Tamil Nadu
Tripura
https://www.tripura.nic.in/taxes/
Uttaranchal
https://gov.ua.nic.in/tradetax/
Uttar Pradesh
West Bengal
SUNIL GARG
(CHARTERED ACCOUNTANT)
(175 Points)
Replied 11 April 2010
Hi Nikki,
I assuming you are asking about DVAT.
Under DVAT, following is the situation:
Turnover Tax Peroid Return to be filed within Tax to be deposited
0-10 Lacs Yearly 75 days from the end of tax period Quarterly within 28 days
10-50 Lacs Half Yearly 45 days Quarterly within 28 days
50 lacs- 5 crore Quaterly 28 days Quarterly within 28 days
above 5 crore Monthly 28 days Monthly within 28 days.
TIN is not necessary to be taken by every dealar. It is mandatory for the folowing:
- When T/O exceeds Rs. 10 Lacs;
- When inter state sale is made;
- when inter state puchase is made;
TIN is to be applied within 30 days from the relevant date in form DVAT 04.
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